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Offshore Drilling Makes a Comeback After Years in Shale's Shadow

  • CEOs tell investors a revival in sea exploration is under way
  • Optimism contrasts with signs of slowdown in shale patch
oil rig offshore
Photographer: Ali Mohammadi/Bloomberg
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Offshore is ready for the limelight again.

After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark contrast to a subdued outlook for shale at the event.